quote:Originally posted by LF - TP 2511:
... Although taxes paid by corporations, measured as a share of the economy, rose modestly during the boom years of the 1990s, they remained sharply lower even in the boom years than in previous decades ... During the 1990s, corporations as a group paid an average of 25.3 percent of their profits in federal corporate income taxes, according to new Congressional Research Service estimates. By contrast, they paid more than 49 percent in the 1950s, 38 percent in the 1960s, and 33 percent in the 1970s ...
The 1990s was the Clinton era. Our current president has filled his cabinet with former members of the Clinton cabinet, including Hillary herself. This doesn't bode well that anything will change in regards to corporate taxation or corporate influence on government. The majority of politicians on the national scene, both democrat & republican, received substantial campaign funding from the big multi-national corporations. This is why I belong to neither of those parties.
If you believe that a plan to take our nation back from the corporations is needed, then we see eye to eye on this issue. This is why I recommend for people to vote third party in every election. The corporations have not as yet invested campaign funding in third party candidates.
The politicians in Washington are not what makes our nation great, they are often a shame to our nation. The greatness of this nation is the spirit of the people, the productivity of the middle class worker and the entrepreneurial spirit of the small businessmen like many members here. The US has been a fertile bed for innovation, invention, solutions and even idealism. The US is the first to respond when another nation is struck by disaster. We are a generous people. Our government has some big problems, but its still less oppressive than most. Denis C mentioned a couple of the areas where our nation lags, education & healthcare, I'm hoping that American innovation can find solutions to bolster these weak areas that fit into the American model, rather than forcing the American square peg into a European round hole. For instance, contributing to education and health care would certainly be a good way for the corporations to give-back to America, no?
-G